Recent data show that Bulgaria sat up itself as a country arousing great interest among construction and investment companies from EU countries as well as from other countries. This is a good factor of investment climate and this fact proves that there is no crisis on Bulgarian property market and it is not expected. The natural consequence of appearing of great number of well-established foreign investors and construction companies with longstanding experience is that the attitude to projects’ quality has changed.
Thus the greater attention is paid now to the preservation of the environment. Constructive companies which are not able to offer building projects meeting new high requirements, are gradually disappearing from Bulgarian property market.
High above mentioned factors influence property prices in the average sector. It shows itself in a marked price increase and in cost of high-class property. This constant price increase doesn’t depend on the emotions or on the world property prices or on the market condition.
At the same time decrease in the number of transactions is not observed. On the contrary a huge number of transactions are handled in the low segment where the prices are below than 1000\м²euros.
De luxe class residential property market segment with prices over than 1900 euros is also developing very successfully. Thanks to the constant price increase the owners are provided with stable handsome profit.
Let us remind that this process is taking place on the background of a significant decrease in the number of transactions with property in a neighbor country Romania, where investors have to alter their prices 5-10 % to sell building projects.
In Bulgaria the situation is quite different due to the fact that the majority of investors can objectively correlate the prices with the opportunities and the needs of consumers.
Upon the whole the conclusion of specialists is that contemporary accommodation in closed housing complex with a great variety of services and a developed infrastructure is the thing of the future of Bulgarian property market. The accommodation should allow new-day and comfortable style of life.
